An Explanation of Cash Back on Completion

What is Cash Back on Completion? And How Do You Get It?

Cash back on completion deals tend to go through phases of being popular and then not so popular. Property companies that offer you discounts on new build properties are the ones that sometimes promote them. It is a simple concept in that you would pay your deposit and then, on completion, you would get cash back to the amount of your deposit or in some cases even more.

For example:

Property purchase price = £200,000

Deposit at 85% LTV = £30,000

Price at completion = £200,000


Cash back on completion = £30,000

Apart from solicitors’ fees, stamp duty etc. this is a NMD (no money down property deal) it is possible to actually get more than the 15% deposit back, thereby either paying all your other fees as well or even leaving enough to put money back in your pocket.

However, be aware that the rental coverage of these properties may not be great, and you could be at the mercy of the property market, and if the developer has been forward pricing the property you might still have paid over the odds for it.

It is also possible to do this sort of deal when purchasing directly from an individual.

If you are buying property in this way you must make sure that you are staying within the law as laws change from time to time and at the time of writing they are trying to cut down on investing in this way as there is wide spread abuse of it.

Hence, as always, we recommend seeking the advice of a solicitor as well as your mortgage broker before embarking on such deals.

**Nothing on this website should be confused with financial or legal advice. If you need this, or any other type of advice, please seek the help of a competent professional. In addition, because real estate laws change all the time and differ from state to state, and even city to city in the same state, everything in these pages should be considered general marketing advice and ideas. Please see link to full Disclaimer at the bottom of this page.

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